NEW YORK — CapitalSpring, an investment firm focused on chain restaurants and franchises, has announced the final closing of CapitalSpring Investment Partners V, L.P., with $725 million of aggregate capital commitments. Fund V was substantially oversubscribed and exceeded its target of $500 million. The Fund attracted strong backing from a diverse group of existing and new limited partners in the US and Europe, including public and private pensions, endowments, foundations, funds of funds, and family offices.
“We are pleased to have attracted strong demand from high quality limited partners for Fund V, and our team remains confident that our differentiated strategy and unique focus on the restaurant industry will continue to generate attractive risk-adjusted returns for our investors,” said, Richard Fitzgerald, Co-Founder and Managing Partner of CapitalSpring. “We would like to thank all of our investors for their ongoing trust and support.”
Founded in 2005, CapitalSpring currently manages assets in excess of $1.3 billion and has completed investments in the operations of over 50 different restaurant brands and 4,000 restaurant locations. CapitalSpring has offices in Nashville, Los Angeles, Atlanta, and New York.
CapitalSpring’s investment strategy focuses on providing structured loans and private equity to proven restaurant management teams in support of acquisitions, new development, recapitalization, and other complex financing needs. CapitalSpring targets investments ranging from $10 million to $100 million across the restaurant industry and leverages its deep sector expertise, in-house strategic and operations resources, and broad network of industry relationships to support its portfolio companies.
Since the initial close in 2016, CapitalSpring has already completed seven investments in Fund V, encompassing eight restaurant brands and 645 restaurant locations.